US Bancorp DE lessened its position in Dell Technologies Inc (NYSE:DVMT) by 15.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,249 shares of the company’s stock after selling 3,056 shares during the period. US Bancorp DE’s holdings in Dell Technologies were worth $1,321,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DVMT. Cerebellum GP LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $129,000. Roberts Glore & Co. Inc. IL purchased a new stake in Dell Technologies in the third quarter valued at approximately $210,000. Stratos Wealth Partners LTD. purchased a new stake in Dell Technologies in the third quarter valued at approximately $210,000. Concentric Wealth Management LLC purchased a new stake in Dell Technologies in the third quarter valued at approximately $219,000. Finally, Advisor Partners LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $230,000. 22.33% of the stock is owned by institutional investors and hedge funds.
Shares of Dell Technologies Inc (NYSE:DVMT) opened at $69.79 on Tuesday. Dell Technologies Inc has a twelve month low of $59.92 and a twelve month high of $92.40. The stock has a market cap of $13,910.00 and a P/E ratio of -11.71. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.85 and a quick ratio of 0.78.
Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, December 7th. The company reported $1.57 earnings per share (EPS) for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%. equities analysts anticipate that Dell Technologies Inc will post 5.12 EPS for the current year.
In other Dell Technologies news, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $80.93, for a total transaction of $380,371.00. Following the completion of the sale, the insider now directly owns 20,755 shares in the company, valued at $1,679,702.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael S. Dell acquired 14,350 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $32.70 per share, with a total value of $469,245.00. Following the completion of the purchase, the chief executive officer now owns 539,274 shares of the company’s stock, valued at $17,634,259.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 14,100 shares of company stock valued at $1,171,898. 45.00% of the stock is owned by insiders.
DVMT has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Gabelli initiated coverage on shares of Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price for the company. BidaskClub downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th.
TRADEMARK VIOLATION NOTICE: This article was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/20/us-bancorp-de-has-1-32-million-stake-in-dell-technologies-inc-dvmt.html.
Dell Technologies Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
Want to see what other hedge funds are holding DVMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc (NYSE:DVMT).
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.